Analysts Set Tate & Lyle PLC (TATE) Price Target at $701.00
Shares of Tate & Lyle PLC (LON:TATE) have earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 702 ($9.17).
Several equities analysts have recently weighed in on TATE shares. Berenberg Bank raised their price target on Tate & Lyle from GBX 730 ($9.54) to GBX 740 ($9.67) and gave the company a “hold” rating in a report on Tuesday. Deutsche Bank raised their price target on Tate & Lyle from GBX 650 ($8.49) to GBX 675 ($8.82) and gave the company a “hold” rating in a report on Friday, November 9th. Kepler Capital Markets restated a “reduce” rating on shares of Tate & Lyle in a report on Thursday, November 8th. Credit Suisse Group reduced their price target on Tate & Lyle from GBX 750 ($9.80) to GBX 700 ($9.15) and set a “neutral” rating for the company in a report on Monday, November 12th. Finally, Liberum Capital restated a “buy” rating on shares of Tate & Lyle in a report on Thursday, November 8th.
In other Tate & Lyle news, insider Warren Tucker acquired 4,321 shares of the company’s stock in a transaction that occurred on Wednesday, December 5th. The shares were bought at an average cost of GBX 702 ($9.17) per share, with a total value of £30,333.42 ($39,635.99).
The firm also recently disclosed a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, November 22nd will be given a dividend of GBX 8.60 ($0.11) per share. The ex-dividend date of this dividend is Thursday, November 22nd. This represents a dividend yield of 1.25%.
Tate & Lyle Company Profile
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients.
Featured Article: Marijuana Stocks Future Looks Bright
Receive News & Ratings for Tate & Lyle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle and related companies with MarketBeat.com's FREE daily email newsletter.